Skip to comments.California couple finds $10 million in rare coins while out walking dog
Posted on 02/25/2014 4:49:29 PM PST by ConservativeStatement
LOS ANGELES A Northern California couple out walking their dog on their Gold Country property stumbled across a modern-day bonanza: $10 million in rare, mint-condition gold coins buried in the shadow of an old tree.
(Excerpt) Read more at foxnews.com ...
The dog has a good case to get at least 1/3, but probably a lot more for sniffing the spot
Some people just can’t keep their mouths shut.........They’re gonna regret that publicity.
How stupid to say a thing! Yeesh!
This is the philosophy I used at the horse track (sarcasm):
“beginners may find $5 in gold, but if theyre lucky could take home as much as $200 worth.”
Blast! I KNEW I should have buried it elsewhere.....
Make total sense to me. I know a guy who lost $100,000 worth of guns and ammunition while going to the 7-11 to get a Slurpee.
Any of the coins those square California dollars?
I( gotta start praying to a different saint, the current dude is not delivering!
That’s too bad. D-I-V-O-R-C-E ...5...4...3...
I can’t imagine why on earth they would tell anyone about it.
Before and after they moved out of California to a Tax Free, Pro 2nd Admendment, Pro Fracking Republican State...
Telling people about it means news reporters show up.
There's a good chance some of those reporters will be accompanied by video cameras.
That means that there's a chance that the finders will be on television.
That, in turn, means that maybe they'll be seen by millions of people. Some of those people may be agents or talent scouts for the entertainment industry.
Therefore, there's a chance that they, or their faces, or bodies, or voices, or personalities, or stories, or something, could lead to a movie deal.
They figure that the chance of meeting with foul play as a result of publicizing their newfound wealth is worth the gamble, because it gets them their first fifteen minutes of fame.
That’s no biggie. I found $20 million worth in rare coins and didn’t tell a soul.
This thread brought to you by Lear Capital
Explain to me how that avoids federal income tax. Thanks in advance.
I can’t, I am rusty in that area, especially if it falls into the arena of collectibles and other odd income streams. I’d have to reach for the Aspirin....
Quite possibly the dumbest couple in America. Chances are excellent they are Democrats.
They found it last April apparently and have had PCGS and a guy in Tiburon going over them and grading them.
Smart would have been to filter them through PCGS a few at a time and sell them as needed. That would have negated the neat provenance of them though.
I’d assume they have the legal scene pretty tight, You can really get taken to the cleaners by douchebags if you just own up to a find like this, with people filing claims on it and never winning, but evaporating the finds in legal fees.
Their dog is a GOLDEN RETRIEVER.
I had a local (senior citizen type) tell me that there is Rebel gold buried in the hills around us somewhere. They said before the Union army got here the locals buried all their valuables in the hills, and carefully noted where it was. After the war, whoever knew the location was no longer around. He said his dad and grandad used to spend time hunting for it.
I bet this is stolen bank money. The robbers were either caught by the sheriff and hanged or indians caught them and staked them out in the hot sun.
Or they buried the money then forgot where they buried it and spent the rest of their life roaming the hills and ended their days driven mad.
I lived in California during the 1970’s, and remember reading at the time of another coin cache found in this same area.....the California Gold Country.
In fact, I was just thinking about this story the other day.
Apparently, someone purchased a parcel of land in the “Mother Lode” region of California. A previous owner.....either a doctor or a chiropractor....buried huge amounts of Morgan Silver dollars and “Peace” Silver dollars in old glass jars on the property.
Over time, these glass jars broke and the dirt on the property was “littered” with thousands of these silver dollars, much to the delight of the current owner of the land.
Mary: We knew almost immediately that we would sell them, but we couldnt just go to anyone we had to walk that path really carefully
John: We knew better than to go to any local pawn broker with the coins to put them on the market, we knew better than that.
Q. Some lottery winners have later said that such sudden wealth ended up being more of a curse than a blessing. Have the two of you discussed how you will navigate the path ahead and the potential pitfalls that might come with instant great wealth?
Mary: We try not to dwell on the negative.
John: It will be a broader path than the one we have been on.
Mary: Money can change other peoples perception of us more than our own perception of ourselves. Have you heard the song by Cindy Lauper, Money Changes Everything? We dont want that; we dont plan to tell our extended family or friends until more time goes by.
Q. You have chosen to remain anonymous out of concern for your familys safety and potentially from being overwhelmed by the media. But how do you think this find will change your lives?
Mary: Were the same people we were before, just with more freedom of choice. Our finances wont have to dictate so many of our day to day decisions.
How could they get full numismatic value if they didn’t go through a public sale?
I'm sure there's ways, such as private collectors who would just as sooon not involve the IRS
Wonder if somebody (maybe the first FReeper)decided the government wasn't going to tell him he could not own gold coins.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.